Tight supply of low sulfur fuel oil in South Korea has caused refiners to hold off concluding term bunker fuel contracts for the fourth-quarter.
While in Singapore light sulfur fuel oil demand fundamentals from the bunker market have...
According to a Reuters report, The Baltic Exchange's main sea freight index, fell for a fifth consecutive session on Tuesday.
Baltic sea freight index
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for...
Asahi Tanker ordered two of the world’s first zero-emission electric-powered tankers, says a press release published on their website.
Electric-powered tankers order
Asahi Tanker Co., Ltd. announced that it has ordered two of the world’s first zero-emission electric-powered tankers. They are as...
Baltic Exchange publishes the weekly Ningbo Containerised Freight Index, compiled by the Ningbo Shipping Exchange.The index is reported every Friday (except Chinese holidays) at 1600 (Beijing).Weekly composite index covering 20ft, 40ft and Hi Cube box rates by Ningbo Shipping...
Container-line profits exceeded expectations in Q2 2020, a period when volumes were weak. In the third quarter, volumes and rates surged — and not just in the trans-Pacific trade.“The stars are aligning for container shipping: historic consolidation, rational capacity...
Scorpio Bulkers, Inc. announces the sake of a Kamsarmax vessel, says a press release published on their website.
Vessel sale for $18.4m
Scorpio Bulkers, Inc. (NYSE: SALT) (the “Company”) announced the agreement for the sale of its 2015 built Kamsarmax vessel...
The Baltic Briefing has issued the tanker report for the 41st week of this year. The report dated 09th October 2020 provides a valuable insight into this week’s tanker market dealings, freight rates, and charter activities.
VLCC
Another week of mostly...
The Baltic Exchange has released a report about the dry bulk market for the 41st week of shipping activities of this year. The report dated 09th October highlights the plight of the dry bulk market at the on-sight of...
The new China Civil Code (CCC), which will be set into force on 1st January 2021 introduces major changes to various sectors of Chinese law, while is considered to have potential impacts on shipping, reports Safety4Sea.
CCC to extend to...
Experts maintain that ocean carriers may have finally figured out how to make money this year, as sluggish demand last summer made sustainable pricing more important than ever.
Shippers now cannot afford to miss vital bookings this peak...
